NOVT Stock Overview
Novanta Inc., together with its subsidiaries, designs, manufactures, markets, and sells photonics, vision, and precision motion components and sub-systems to original equipment manufacturers in the medical and industrial markets worldwide.
Price History & Performance
|Historical stock prices|
|Current Share Price||US$127.63|
|52 Week High||US$184.44|
|52 Week Low||US$110.84|
|1 Month Change||1.53%|
|3 Month Change||-11.44%|
|1 Year Change||-4.66%|
|3 Year Change||37.79%|
|5 Year Change||250.15%|
|Change since IPO||700.81%|
Recent News & Updates
At US$124, Is Novanta Inc. (NASDAQ:NOVT) Worth Looking At Closely?
Novanta Inc. ( NASDAQ:NOVT ), might not be a large cap stock, but it saw significant share price movement during recent...
Calculating The Fair Value Of Novanta Inc. (NASDAQ:NOVT)
In this article we are going to estimate the intrinsic value of Novanta Inc. ( NASDAQ:NOVT ) by estimating the...
Novanta (NASDAQ:NOVT) Seems To Use Debt Rather Sparingly
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
|NOVT||US Electronic||US Market|
Return vs Industry: NOVT exceeded the US Electronic industry which returned -19.7% over the past year.
Return vs Market: NOVT exceeded the US Market which returned -18.4% over the past year.
|NOVT Average Weekly Movement||5.3%|
|Electronic Industry Average Movement||7.4%|
|Market Average Movement||8.1%|
|10% most volatile stocks in US Market||16.7%|
|10% least volatile stocks in US Market||3.2%|
Stable Share Price: NOVT is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: NOVT's weekly volatility (5%) has been stable over the past year.
About the Company
Novanta Inc., together with its subsidiaries, designs, manufactures, markets, and sells photonics, vision, and precision motion components and sub-systems to original equipment manufacturers in the medical and industrial markets worldwide. The company’s Photonics segment offers photonics-based solutions, including laser scanning and beam delivery, CO2 laser, solid state laser, ultrafast laser, and optical light engine products serving photonics-based applications for industrial processing, metrology, medical and life science imaging, DNA sequencing, and medical laser procedures. It’s Vision segment provides a range of medical grade technologies, including medical insufflators, pumps, and related disposables; visualization solutions; wireless technologies, video recorders, and video integration technologies for operating room integrations; optical data collection and machine vision technologies; radio frequency identification technologies; thermal chart recorders; spectrometry technologies; and embedded touch screen solutions.
Novanta Fundamentals Summary
|NOVT fundamental statistics|
Is NOVT overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|NOVT income statement (TTM)|
|Cost of Revenue||US$420.55m|
Last Reported Earnings
Apr 01, 2022
Next Earnings Date
|Earnings per share (EPS)||1.62|
|Net Profit Margin||7.73%|
How did NOVT perform over the long term?See historical performance and comparison
Is NOVT undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 0/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for NOVT?
Other financial metrics that can be useful for relative valuation.
|What is NOVT's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does NOVT's PE Ratio compare to its peers?
|NOVT PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
NATI National Instruments
BMI Badger Meter
Price-To-Earnings vs Peers: NOVT is expensive based on its Price-To-Earnings Ratio (78.8x) compared to the peer average (35.4x).
Price to Earnings Ratio vs Industry
How does NOVT's PE Ratio compare vs other companies in the US Electronic Industry?
Price-To-Earnings vs Industry: NOVT is expensive based on its Price-To-Earnings Ratio (78.8x) compared to the US Electronic industry average (17.6x)
Price to Earnings Ratio vs Fair Ratio
What is NOVT's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||78.8x|
|Fair PE Ratio||23.1x|
Price-To-Earnings vs Fair Ratio: NOVT is expensive based on its Price-To-Earnings Ratio (78.8x) compared to the estimated Fair Price-To-Earnings Ratio (23.1x).
Share Price vs Fair Value
What is the Fair Price of NOVT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: NOVT ($127.63) is trading above our estimate of fair value ($98.35)
Significantly Below Fair Value: NOVT is trading above our estimate of fair value.
Price to Earnings Growth Ratio
PEG Ratio: NOVT is poor value based on its PEG Ratio (4.2x)
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How is Novanta forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Future Growth Score2/6
Future Growth Score 2/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NOVT's forecast earnings growth (19% per year) is above the savings rate (1.9%).
Earnings vs Market: NOVT's earnings (19% per year) are forecast to grow faster than the US market (13.9% per year).
High Growth Earnings: NOVT's earnings are forecast to grow, but not significantly.
Revenue vs Market: NOVT's revenue (8.1% per year) is forecast to grow slower than the US market (8.4% per year).
High Growth Revenue: NOVT's revenue (8.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if NOVT's Return on Equity is forecast to be high in 3 years time
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How has Novanta performed over the past 5 years?
Past Performance Score3/6
Past Performance Score 3/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NOVT has a large one-off loss of $18.7M impacting its April 1 2022 financial results.
Growing Profit Margin: NOVT's current net profit margins (7.7%) are higher than last year (7.3%).
Past Earnings Growth Analysis
Earnings Trend: NOVT's earnings have grown by 3.4% per year over the past 5 years.
Accelerating Growth: NOVT's earnings growth over the past year (31.8%) exceeds its 5-year average (3.4% per year).
Earnings vs Industry: NOVT earnings growth over the past year (31.8%) underperformed the Electronic industry 33%.
Return on Equity
High ROE: NOVT's Return on Equity (10.8%) is considered low.
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How is Novanta's financial position?
Financial Health Score2/6
Financial Health Score 2/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: NOVT's short term assets ($375.4M) exceed its short term liabilities ($183.0M).
Long Term Liabilities: NOVT's short term assets ($375.4M) do not cover its long term liabilities ($488.5M).
Debt to Equity History and Analysis
Debt Level: NOVT's net debt to equity ratio (59.6%) is considered high.
Reducing Debt: NOVT's debt to equity ratio has increased from 37.3% to 78.1% over the past 5 years.
Debt Coverage: NOVT's debt is not well covered by operating cash flow (19.8%).
Interest Coverage: NOVT's interest payments on its debt are well covered by EBIT (10.5x coverage).
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What is Novanta current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Future Dividend Coverage
Dividend Yield vs Market
Notable Dividend: Unable to evaluate NOVT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate NOVT's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if NOVT's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if NOVT's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as NOVT has not reported any payouts.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Matthijs Glastra (52 yo)
Mr. Matthijs Glastra has been the Chief Executive Officer and Director of Novanta Inc. since September 1, 2016 and serves as its Chairman of the Board since May 13, 2021 and served as its Executive Officer...
CEO Compensation Analysis
Compensation vs Market: Matthijs's total compensation ($USD12.38M) is above average for companies of similar size in the US market ($USD6.87M).
Compensation vs Earnings: Matthijs's compensation has increased by more than 20% in the past year.
Experienced Management: NOVT's management team is considered experienced (4.2 years average tenure).
Experienced Board: NOVT's board of directors are considered experienced (4.1 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Novanta Inc.'s employee growth, exchange listings and data sources
- Name: Novanta Inc.
- Ticker: NOVT
- Exchange: NasdaqGS
- Founded: 1968
- Industry: Electronic Equipment and Instruments
- Sector: Tech
- Implied Market Cap: US$4.557b
- Shares outstanding: 35.70m
- Website: https://www.novanta.com
Number of Employees
- Novanta Inc.
- 125 Middlesex Turnpike
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/06/27 00:00|
|End of Day Share Price||2022/06/27 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.